ECOWAS: Market for Tanned or Dressed Whole Furskins of Rabbit, Hare or Lamb 2024

Market Size for Tanned or Dressed Whole Furskins of Rabbit, Hare or Lamb in ECOWAS

In 2022, the ECOWAS market for tanned or dressed whole furskins of rabbit, hare or lamb decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, saw significant growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Tanned or Dressed Whole Furskins of Rabbit, Hare or Lamb in ECOWAS

In value terms, rabbit, hare or lamb furskin production fell to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Tanned or Dressed Whole Furskins of Rabbit, Hare or Lamb

Exports in ECOWAS

In 2022, after four years of growth, there was significant decline in overseas shipments of tanned or dressed whole furskins of rabbit, hare or lamb, when their volume decreased by X% to X units. In general, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, rabbit, hare or lamb furskin exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mali (X units) and Senegal (X units) were the key exporters of tanned or dressed whole furskins of rabbit, hare or lamb in ECOWAS, together constituting X% of total exports. It was distantly followed by Burkina Faso (X units), mixing up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mali (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Burkina Faso ($X) remains the largest rabbit, hare or lamb furskin supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Burkina Faso totaled X%. In the other countries, the average annual rates were as follows: Mali (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tanned or Dressed Whole Furskins of Rabbit, Hare or Lamb

Imports in ECOWAS

In 2022, imports of tanned or dressed whole furskins of rabbit, hare or lamb in ECOWAS surged to X units, rising by X% compared with the previous year. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, rabbit, hare or lamb furskin imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the key importer of tanned or dressed whole furskins of rabbit, hare or lamb in ECOWAS, with the volume of imports reaching X units, which was near X% of total imports in 2022. It was distantly followed by Senegal (X units), constituting a X% share of total imports.

Nigeria was also the fastest-growing in terms of the tanned or dressed whole furskins of rabbit, hare or lamb imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) displayed positive paces of growth. From 2012 to 2022, the share of Nigeria and Senegal increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported tanned or dressed whole furskins of rabbit, hare or lamb in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports.

In Nigeria, rabbit, hare or lamb furskin imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Senegal stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Source: IndexBox Platform

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